12 U.S.C. § 1795k
State and local tax exemption
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 1795k, State and local tax exemption, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437992
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Full text
The Central Liquidity Facility, and its franchise, activities, capital reserves, surplus, and income, shall be exempt from all State and local taxation now or hereafter imposed, other than taxes on real property held by the Facility (to the same extent, according to its value, as other similar property held by other persons is taxed).
For purposes of this section—
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Deficit Reduction Act of 1984House: no recorded tallySenate: no recorded tally